Kalshi announces two-year investment to National Council on Problem Gambling ‘focused on trader health and safety’

The prediction market Kalshi, which maintains it is not a gambling platform, has announced plans to give $2m to the National Council on Problem Gambling (NCPG) as it continues to ride a nationwide surge.

While prediction markets allow users to bet – or “trade” – on the outcome of almost anything, from elections to sports to geopolitical events, the industry has vehemently fought efforts by state officials to regulate its platforms like those of conventional gambling giants.

“Kalshi doesn’t work like casinos or sportsbooks,” the firm said in February, claiming that its platform “operates like any other derivatives market”.